Philippine telco PLDT buys 10% stake in Rocket Internet for 333 million euros, valuing it at 3.3 billion euros ($4.4 billion) — Philippine Long Distance Telephone Company (PLDT), the largest telecommunications company in the Philippines, is buying a 10 percent stake in German tech startup incubator Rocket Internet.

Google's YouTube Buys Mobile Video Startup Directr — In its latest effort to boost advertising by small businesses, Google said its YouTube unit had acquired Directr, a mobile-video app used by small businesses to create marketing videos. — No purchase price was disclosed.